The Pound Euro (GBP/EUR) exchange rate is building on gains from earlier in the week.
Brexit headlines indicate that progress is being made. However, a deal has not been agreed with fishing still a sticking point.
The BoE will make its monetary policy announcement today. The central bank is not expected to adjust monetary policy given the lack of clarity over Brexit and the vaccine roll out programme. Early next year the picture will be clearer.
The Euro is supported by US Dollar weakness and better than expected PMI data. PMI figures indicate that the latest lockdown measures are not having such a hard impact on the economy.
Eurozone inflation is up next, disinflation -0.3% is forecast.
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